Everything You Wanted to Know About Top 10 US Cities Homebuyers Trying To Get Away #realestate

As property costs in some locations rise too high, new homebuyers are now making the decision to move. The housing market has been slowing down because of more expensive mortgages, higher interest rates, and skyrocketing inflation. Redfin Comparative Market Analysis According to a recent Redfin analysis, a record 32.6% of Americans considered moving to a different metro area in the second quarter of 2022, slightly high from 32.3% in the first quarter, and far higher than 26% before the epidemic. In San Francisco or San Jose, the average home now costs more than $1.5 million. Redfin Deputy Chief Economist Taylor Marr stated in a news release that when you factor in today’s mortgage rates of 5% or higher, your monthly payment will be quite exorbitant. Read The Complete Blog: https://thebusinessfinance.net/top-10-us-cities-homebuyers-trying-to-get-away/ Subscribe to our channel to stay updated with the latest news about Business & Finance.